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Big, legacy travel management companies are growing, snapping up smaller travel agencies as they seek to expand across the globe. American Express Global Business Travel is the largest of all of these companies — at least when it comes to transaction volume — and it will likely keep its top spot for a while.

The company announced Tuesday it was signing a recapitalization agreement, bringing on a bunch of new investors with new money and new ideas. While American Express still holds a controlling stake in the company, a group of investors led by Certares is jumping on board, bringing the total valuation of the company up to about $5 billion.

This money means American Express GBT can spend even more on technology, a major goal for the company. Greg O’Hara, the founder and senior managing director of Certares, told Skift that new mergers and acquisitions, and investment in advanced tech, is definitely on the horizon.

Read this story, and many more, below.

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What the UK Election Result Means for Travel and Tourism: Boris Johnson wants to get Brexit done, but in reality leaving the European Union will be a long and arduous process — and ultimately leave the country poorer. It’s going to be a rocky few years for the UK’s travel and tourism industry.